Western Asset Diversified Stock Market Value
| WDI Stock | USD 14.69 0.04 0.27% |
| Symbol | Western |
Western Asset Diversified Company Valuation
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Asset. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Asset listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.06 | Return On Equity (18.35) |
The market value of Western Asset Diversified is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Asset's value that differs from its market value or its book value, called intrinsic value, which is Western Asset's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Asset's market value can be influenced by many factors that don't directly affect Western Asset's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Asset's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western Asset 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Western Asset's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Western Asset.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Western Asset on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Western Asset Diversified or generate 0.0% return on investment in Western Asset over 30 days. Western Asset is related to or competes with Neuberger Berman, Doubleline Yield, PIMCO Access, Blackrock Innovation, and Cohen Steers. Western Asset is entity of United States More
Western Asset Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Western Asset's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Western Asset Diversified upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 0.8305 |
Western Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Asset's standard deviation. In reality, there are many statistical measures that can use Western Asset historical prices to predict the future Western Asset's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Asset's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Western Asset Diversified Backtested Returns
Western Asset Diversified shows Sharpe Ratio of -0.0024, which attests that the company had a -0.0024% return per unit of risk over the last 3 months. Western Asset Diversified exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Asset's Mean Deviation of 0.4406, standard deviation of 0.5975, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Asset is expected to be smaller as well. At this point, Western Asset Diversified has a negative expected return of -0.0014%. Please make sure to check out Western Asset's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Western Asset Diversified performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Western Asset Diversified has good predictability. Overlapping area represents the amount of predictability between Western Asset time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Western Asset Diversified price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Western Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Western Asset Diversified lagged returns against current returns
Autocorrelation, which is Western Asset stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Western Asset's stock expected returns. We can calculate the autocorrelation of Western Asset returns to help us make a trade decision. For example, suppose you find that Western Asset has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Western Asset regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Western Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Western Asset Lagged Returns
When evaluating Western Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Asset stock have on its future price. Western Asset autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Western Asset autocorrelation shows the relationship between Western Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Western Asset Diversified.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Western Asset Diversified offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Asset's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Asset Diversified Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Asset Diversified Stock:Check out Western Asset Correlation, Western Asset Volatility and Western Asset Alpha and Beta module to complement your research on Western Asset. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Western Asset technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.